The new tax rate is $1.4989 per $100 valuation, which includes $1.0683 for the maintenance and operations fund and $0.4306 for debt service payments.

The reduction in the 2019-20 tax rate was one of the required mandates of House Bill 3 passed by the 86th Texas Legislature in 2019 and signed by Gov. Greg Abbott. The bill offers more money for Texas classrooms, raises teacher compensation and decreases recapture for Texas taxpayers.